Graña Y Montero Announces Awarding of New Contract for US$ 63 Million in Colombia
23 Januar 2016 - 12:52AM
Business Wire
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company”
or “Graña y Montero”) a leading Engineering and Construction
company, announced today that our subsidiary CAM Colombia
Multiservicios S.A.S., has obtained the Buena Pro for the
“Comprehensive Electricity Contract” developing several services
for the Colombian company Electricaribe S.A. E.S.P., which is part
of Gas Natural Fenosa multinational group, which in turn is the
largest integrated gas and electricity company in Spain.
The approximate amount of the contract is of US$ 63,000,000.00
and has a duration period of five years, with an option of
extending it for two additional years.
These are positive news for CAM, which belongs to the Technical
Services Area of our Group, since it is looking to consolidate as a
leading company in the electricity and telecommunications sectors
in the region, with special emphasis in Colombia, Chile and
Perú.
About Graña y Montero S.A.A.
Graña y Montero is the only Peruvian engineering and
construction company listed on the Lima Stock Exchange since 1997
and in the NYSE since 2013. The Company has participated in the
development of major engineering and construction projects in Peru,
including large-scale, complex projects in the energy, mining,
construction and real estate sectors.
With 82 years of operations, the Company has leveraged its
engineering and construction expertise into complementary lines of
business, such as the development, ownership, operation and
maintenance of infrastructure assets, real estate developments, and
the provision of technical services. The Company has significant
investments in infrastructure concessions, such as three toll roads
and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and
has acquired three companies in Chile: DSD Construcciones y
Montajes, an engineering and construction company specialized in
providing services to the energy, oil and gas, cellulose and mining
sector in Chile and Latin America; Vial y Vives, a construction
company specialized in the mining sector, and CAM, specializing in
electric services, with operations in Chile, Peru and Colombia. It
recently acquired Morelco, a Colombian company specialized in
electromechanical assemblies, civil works, and services for the oil
and gas industry as well as energy industry.
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version on businesswire.com: http://www.businesswire.com/news/home/20160122006005/en/
Graña y Montero S.A.A.Dennis Gray, 511-213-6583Investor
Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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